Roxgold Feasibility Study Suggests After-Tax IRR of 48.4% for Yaramoko Gold Project

Roxgold Inc. (TSXV:ROG) announced the results of its feasibility study prepared pursuant to National Instrument 43-101 for the 55 Zone on its Yaramoko exploration permit in Burkina Faso. The study suggests an initial life of mine of over seven years and envisions an underground mining scenario. Highlights from the study also include a mining plan based on 4.9 grams of gold per tonne, and an Internal rate of return of 48.4% after taxes with a payback period of 1.6 years.

As quoted in the press release:

On a 90% basis, the After-tax NPV5% of Roxgold’s interest in the Project is $232 million under the base case scenario. The Government of Burkina Faso is estimated to receive an undiscounted $143 million from Yaramoko in the form of dividends, taxes, VAT, duties and levies.

Roxgold CEO, John Dorward, said:

We are very pleased with the results outlined in the Feasibility Study, which validate our belief in the potential of the 55 Zone. We will continue to advance the Project through financing and permitting over the coming months, with the aim of commencing underground development in the fourth quarter of this year.

Click here to read the Roxgold Inc. (TSXV:ROG) press release